Driehaus Capital Management LLC Purchases Shares of 186,371 Goosehead Insurance $GSHD

Key Points

• Driehaus Capital Management LLC invested approximately $22 million in Goosehead Insurance, acquiring 186,371 shares in the first quarter, amounting to about 0.50% ownership of the company.
• Goosehead Insurance fell short of analysts' consensus expectations with a reported EPS of $0.49 for the last quarter, missing the estimated $0.53 by $0.04.
• Several analysts adjusted their price objectives for Goosehead Insurance, with Keefe, Bruyette & Woods lowering their target from $130 to $120, while BMO Capital Markets decreased theirs from $142 to $110.

Driehaus Capital Management LLC acquired a new position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 186,371 shares of the company's stock, valued at approximately $22,003,000. Driehaus Capital Management LLC owned approximately 0.50% of Goosehead Insurance at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $491,000. Tower Research Capital LLC TRC grew its stake in shares of Goosehead Insurance by 91.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the company's stock valued at $239,000 after purchasing an additional 1,063 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Goosehead Insurance by 27.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,355 shares of the company's stock valued at $1,004,000 after purchasing an additional 2,025 shares during the last quarter. Northern Trust Corp grew its stake in shares of Goosehead Insurance by 10.4% during the fourth quarter. Northern Trust Corp now owns 266,466 shares of the company's stock valued at $28,570,000 after purchasing an additional 25,173 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Goosehead Insurance during the fourth quarter valued at approximately $690,000.

Insider Transactions at Goosehead Insurance

In other news, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $88.23, for a total transaction of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares of the company's stock, valued at $11,677,152.27. This trade represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones acquired 1,149 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, for a total transaction of $98,905.92. Following the completion of the acquisition, the chief financial officer owned 3,491 shares of the company's stock, valued at $300,505.28. This trade represents a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 244,770 shares of company stock valued at $21,568,721 over the last three months. 48.35% of the stock is currently owned by corporate insiders.

Goosehead Insurance Trading Up 1.6%

GSHD stock traded up $1.30 during midday trading on Thursday, reaching $84.19. The company's stock had a trading volume of 172,800 shares, compared to its average volume of 288,471. Goosehead Insurance has a 52 week low of $79.69 and a 52 week high of $130.39. The stock has a market cap of $3.16 billion, a PE ratio of 74.51, a price-to-earnings-growth ratio of 7.09 and a beta of 1.34. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 2.10. The business's 50-day simple moving average is $92.31 and its 200-day simple moving average is $103.61.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. Goosehead Insurance's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. Goosehead Insurance has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Goosehead Insurance will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on GSHD. UBS Group decreased their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Zacks Research raised shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods decreased their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Finally, BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Goosehead Insurance presently has an average rating of "Hold" and a consensus target price of $109.36.

Goosehead Insurance Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.